Quote:
Originally Posted by Biggy2
plaxum is brand new. no one even knows who they are.
If you're a new company, and make a small % of every transaction, and companies load in 2m to you overnight, wouldn't it be a better business model just to run off with that $2m? Not bad for a month's worth of work. I wouldn't say ANY of these companies are to be trusted with cash.
Google "My Virtual Card" - or search for it on GFY right here. ePass competitor, from Montreal, that STOLE everyone's money from 2 years ago. They were a real market force, a lot of sponsor programs used them, a lot of people lost $$. Let's not rush into solutions, is a $50 wire or check better than someone stealing all of your funds?
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I understand what you are saying but can't you consider lowering your wire transfer fees? I've seen few sponsors offering free wire transfer payments or atleast make wire transfers free above $500 or minimum fees.
As a program owner, there a lot you can do provided you are willing to explore the options
Lots of programs have done that, why you can't?